REG - SIMEC AtlantisEnergy - Extraordinary General Meeting

SIMEC Atlantis EnergyAnnouncement

24/10/2023 15:15

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RNS Number : 1482R  SIMEC Atlantis Energy Limited  24 October 2023

24 October 2023

SIMEC Atlantis Energy Limited

("SAE", the "Company" and, together with its subsidiaries, the "Group")

Extraordinary General Meeting

SAE announces that a circular containing a notice convening an Extraordinary
General Meeting of the Company (the "EGM") will be posted to shareholders
today.

Shareholder approval is being sought for the appointment of Nexia Singapore
PAC ("Nexia") as auditors of the Company to hold office until the conclusion
of the next Annual General Meeting of the Company at which the audited
financial statements are laid, together with authority for the directors of
the Company to set the remuneration of the auditors.

At the time of publication of the Company's annual report for the year ended
31 December 2022 and as noted in this year's notice of Annual General Meeting
held on 11 August 2023, Moore Stephens LLP ("Moore Stephens") had expressed
its desire not to seek reappointment as the Company's external auditor as a
result of its own internal resources issues and difficulties with the
timelines, however, it agreed to stay in office until such time as a
replacement auditor was appointed prior to the Company's next annual general
meeting.

The appointment of Nexia is conditional on shareholder approval as well as the
resignation of Moore Stephens as auditors of the Company, including Moore
Stephens obtaining approval from the Accounting and Regulatory Authority of
Singapore to resign.

SAE is delighted that Kreston Reeves LLP, the external auditor for the Group's
UK entities, will continue in that role.

The EGM will be held at 9 a.m. (London time) on Thursday, 9 November 2023 at
the offices of Ashurst LLP, London Fruit & Wool Exchange, 1 Duval Square,
London, E1 6PW.

The submission of questions to the Chairman in advance of the meeting,
addressing substantial and relevant matters can also be made through the
Company's website at "Contact Us" Contact Us - SAE Renewables
(https://saerenewables.com/investor-relations/contact-us/) .

A copy of the circular will be available from the Company's website at
www.saerenewables.com (http://www.saerenewables.com) .

Enquiries:

SIMEC Atlantis Energy
Limited
+44 (0) 7739 832 446

Sean Parsons, Director of External Affairs

Strand Hanson Limited (Nominated and Financial
Adviser)
+44 (0) 20 7409 3494

Richard Johnson

Rory Murphy

David Asquith

Zeus Capital Limited (Broker)
 
+44 (0) 20 3829 5000

Lousie Wadell

Simon Johnson

Notes to Editors

SAE Renewables is a global developer, owner and operator of sustainable energy
projects with a diverse portfolio in various stages of development.

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